TeleTech Renews Multiyear Agreement With Leading Healthcare Provider and Computer Software Innovations, Inc. Acquires Software Developer Version3
City of Industry, CA --(www.USEquityNews.com)-- 08/20/2008 - Business Services industry alert provided by U.S. Equity News. TeleTech Holdings, Inc. (NASDAQGS; TTEC), one of the largest and most geographically diverse global providers of business process outsourcing (BPO) solutions, recently announced that a Fortune 50 healthcare services provider has renewed its agreement with TeleTech to provide services to claims, benefits, and eligibility customers. The client first began working with TeleTech in 2001, and the business has continued to grow since that time. Under the terms of the renewed multiyear agreement, TeleTech will provide support and general inquiries to the client's claims, benefits, and eligibility customers. The client selected TeleTech for its global sourcing mode and its ability to leverage the built-in efficiencies of its business processes and technology, providing the highest levels of customer management. TeleTech will also continue its partnership with the client to increase efficiency, quality, and service consistency among the client's diverse consumer base. "The healthcare insurance industry is going through a period of significant evolution in its business processes," said Kenneth Tuchman, chairman and chief executive officer of TeleTech. "TeleTech has a strong track record of solving important business issues for companies in the healthcare industry, and we are pleased to renew our long-term partnership with this important client."
WWA Group, Inc. (OTCBB:WWAG) recently announced record revenue, gross profit and net income for the six-month period ending June 30, 2008. Gross revenue for the January through June 2008 period increased by 15% over the same period in 2007, to nearly $16 million. Gross profit for the January through June 2008 period increased by 7% over the same period in 2007, to over $4.1 million. Net income for the January through June 2008 period increased by 27% over the same period in 2007, to nearly $1.1 million or $0.06 per share. WWA Group recognized its highest auction and service commission revenue ever in the recent six month period. Gross trading revenue, gross profit, and net income totals for the recent six-month period were also the highest ever recorded by the company. WWA Group is planning three more physical auctions at its Dubai facility in September through December 2008, and is projecting increases in auction and trading revenue, gross profit and net income for full year 2008. "We are continuing our steady growth in revenue and profits," commented Eric Montandon, CEO of WWA Group. "Despite a drop in ship charter revenue and a delay in realizing a profit contribution from our earthmoving project, we still grew revenue and profit in the period. Since we anticipate positive contributions from each of these divisions in the second half of the year, we expect an excellent financial result in 2008."
Computer Software Innovations, Inc. ("CSI") (OTC BB:CSWI.OB), a provider of software and technology solutions to public sector organizations, announced that it has acquired software developer Version3 based in Columbia, SC. Version3 has a portfolio of applications and services that are ideal for the public sector markets served by CSI, particularly the K-12 education market space. The applications include single sign-on, access management, provisioning, and Microsoft SharePoint deployments. The acquisition provides CSI strategic advantages, including exercising exclusive rights to Version3 products, infusing CSI product roadmaps with Version3's expert-level Microsoft SharePoint experience, accessing Version3's software development team, and expanding to a national footprint selling area with Version3 software applications which do not require customization for each state. "We have been partnering with Version3 for the past several years by purchasing and integrating their applications into our solutions," stated Nancy Hedrick, CEO of CSI. "Through this working relationship we developed a true appreciation for the genius of their product and their software development team and have members of the CSI team who have developed expertise with the Version3 solutions. We believe that CSI will gain meaningful advantages by controlling distribution of their products and having access to their Microsoft development team. Their solutions provide a natural bridge between our software and technology segments as we are able to wrap systems engineering services around the delivery of their suite of products."
Archer Entertainment Media Communications, Incorporated (OTC: AEMC) www.archeremc.com has appointed John Gelwicks President of Archer Internet Digital Media. In making the announcement, Archer CEO Michael Selsman said that Archer benefits from Gelwicks having a unique background executive at Sony Studios in Los Angeles, where he led an emerging culture of environmentally friendly protocols now gaining prominence in filming and broadcasting. "John provides Archer with access and capability, based on his long associations with leading producers, directors and writers, to license unique and lucrative content for distribution and development, as well as private equity funding for films and gaming from Singapore, Hong Kong and Beijing," Selsman continued. Gelwicks joined Sony Studios in 1992, representing several Academy Award-winning re-recording and visual effects artists within Sony Post Production and Sony Pictures Imageworks. He has since concluded over $50 million in business representing talent and facilities.
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